Overview
First US Bancshares Q2 net income falls to $0.2 mln from $2.1 mln yr ago
Company's net interest margin improved to 3.59% from 3.53% in Q1 2025
Increase in credit loss provisions impacts earnings, driven by consumer lending growth
Outlook
Company sees growth in indirect consumer lending impacting future provisions
Result Drivers
CREDIT LOSS PROVISION - Increase in provision for credit losses driven by growth in indirect consumer lending and specific commercial loan reserves, per CEO James F. House
LOAN GROWTH - Total loans grew by 2.7% in Q2, primarily due to consumer indirect loans, contributing to a year-to-date growth of 5.9%
NET INTEREST MARGIN - Net interest margin improved by six basis points compared to Q1, aided by increased loan volume and yields
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS | $0.03 | ||
Q2 Basic EPS | $0.03 | ||
Q2 Net Interest Margin | 3.6% |
Press Release: ID:nPnN39nPa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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